skip navigation

PUBLICATIONS

Register for Latest Research

Stay Informed
Register with NCJRS to receive NCJRS's biweekly e-newsletter JUSTINFO and additional periodic emails from NCJRS and the NCJRS federal sponsors that highlight the latest research published or sponsored by the Office of Justice Programs.

NCJRS Abstract

The document referenced below is part of the NCJRS Virtual Library collection. To conduct further searches of the collection, visit the Virtual Library. See the Obtain Documents page for direction on how to access resources online, via mail, through interlibrary loans, or in a local library.

 

NCJ Number: 65586 Find in a Library
Title: ACCOUNTING AND AUDITING MANUAL/1977 FROM ACCOUNTING AND AUDITING PRACTICES AND PROCEDURES, P 770-794, 1977 - SEE NCJ-65581)
Author(s): A GRANT
Date Published: 1977
Page Count: 25
Sponsoring Agency: National Institute of Justice/
Rockville, MD 20849
Sale Source: National Institute of Justice/
NCJRS paper reproduction
Box 6000, Dept F
Rockville, MD 20849
United States of America
Document: PDF
Type: Legislative/Regulatory Material
Language: English
Country: United States of America
Annotation: REVIEW PROCEDURES THAT RELATE PRIMARILY TO ACCOUNTING AND REPORTING ARE DISCUSSED.
Abstract: GENERAL STANDARDS DISCUSSED DEAL WITH RESPONSIBILITIES OF THE AUDIT ENGAGEMENT, LEVELS OF REVIEW, EVIDENCE OF REVIEW, REVIEW QUESTIONNAIRES, FINAL READING AND SIGNING OF REPORT, DISPOSAL OF NONEVIDENTIAL MATTER, AND APPROVAL AND NOTIFICATION REQUIREMENTS. THE RESPONSIBILITIES OF THE IN-CHARGE ACCOUNTANT INCLUDE DETERMINATION OF THE ADEQUACY OF THE WORK OF ALL PERSONNEL ASSISTING IN THE AUDITING ENGAGEMENT. RESPONSIBILITIES TO BE FULFILLED BY THE IN-CHARGE ACCOUNTANT BEFORE SUBMITTING THE REPORT AND WORK PAPERS FOR REVIEW BY THE ACCOUNT ADMINISTRATOR ARE DESCRIBED. THE ACCOUNT ADMINISTRATOR CONDUCTS A REVIEW OF THE ENGAGEMENT AS PART OF HIS/HER RESPONSIBILITY FOR EACH OF THE FIRMS'S CLIENTS ASSIGNED TO HIM/HER. THE ACCOUNT ADMINISTRATOR'S REVIEW IS A CONTINUING MATTER NOT RESTRICTED TO THE PERIOD IMMEDIATELY FOLLOWING THE FIELD WORK PHASE OF THE ENGAGEMENT. DETAILS OF THE ACCOUNT ADMINISTRATOR'S RESPONSIBILITIES ARE PROVIDED. AN IMPARTIAL REVIEW OF EACH AUDIT ENGAGEMENT BY A PERSON UNRELATED TO THE ENGAGEMENT OR THE CLIENT MAY BE REQUIRED. PROCEDURES RELATED TO SUCH A REVIEW ARE DISCUSSED. INCOME TAXES ARE GENERALLY MATERIAL IN RELATION TO THE FINANCIAL STATEMENTS. ACCORDINGLY, THE POLICY OF A FIRM MAY BE TO REQUIRE TAX DEPARTMENT APPROVAL OF TAX ACCRUALS PRIOR TO THE RELEASE OF AUDITED AND CERTAIN UNAUDITED FINANCIAL STATEMENTS. MATTERS RELATED TO THE TAX DEPARTMENT'S REVIEWS OF INCOME TAX ACCRUALS AND RELATED EXPENSES ARE CONSIDERED. OTHER TOPICS DISCUSSED ARE TECHNICAL REVIEWS, UNAUDITED FINANCIAL STATEMENTS, LIMITED PURPOSE REPORTS, REVIEW BY OTHERS, REGIONAL DIRECTOR REVIEW, AND AUDIT STANDARDS REVIEW.
Index Term(s): Auditing standards; Audits; Procedure manuals
To cite this abstract, use the following link:
http://www.ncjrs.gov/App/publications/abstract.aspx?ID=65586

*A link to the full-text document is provided whenever possible. For documents not available online, a link to the publisher's website is provided. Tell us how you use the NCJRS Library and Abstracts Database - send us your feedback.